The Jubilee Palace was the site of the dethronement of Emperor Haile Selassie in September 1974. 10 low ranking military officers appeared before the Emperor in the palace library and read him the statement of the Derg, which officially removed him from the throne. The Derg (the Committee) renamed the Palace the "National Palace", which it still bears today. The Derg used this Palace for state ceremonies involving visiting heads of state, state banquets and receptions. The Derg added a swimming pool to the grounds. With the fall of the Derg, and the proclamation of the Federal Republic, the Jubilee Palace became the official residence of the President of the Federal Republic of Ethiopia. The president has a ceremonial role and uses the palace for official functions.
The Ethiopian Government announced its intention to build a new official presidential residence. The National Palace will then be opened as a museum. It will continue to house the President of the Republic until that time.
In the morning of September 25, 2012, RPCV's on the "Return to Ethiopia" trip (known in the Ethiopian Foreign Ministry as "The One Hundred') were invited to a meeting with the Ethiopian President, Girma Wolde-Giorgis.